290560
Sinsiway Co., Ltd. provides database security solutions in South Korea. It offers Petra, a database access control solution; Petra Cipher, a database encryption solution; Petra File Cipher, an unstructured data encryption solution; and Petra Sign, a web-based database privilege solution, as well as cloud solution. The company was founded in 2005 and is headquartered in Seoul, South Korea.
290560 (290560) - Net Assets
Latest net assets as of March 2025: ₩21.73 Billion KRW
Based on the latest financial reports, 290560 (290560) has net assets worth ₩21.73 Billion KRW as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩23.56 Billion) and total liabilities (₩1.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩21.73 Billion |
| % of Total Assets | 92.24% |
| Annual Growth Rate | 36.67% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.11 |
290560 - Net Assets Trend (2022–2024)
This chart illustrates how 290560's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 290560 (2022–2024)
The table below shows the annual net assets of 290560 from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩22.50 Billion | +18.06% |
| 2023-12-31 | ₩19.05 Billion | +58.29% |
| 2022-12-31 | ₩12.04 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to 290560's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩12.30 Billion | 54.70% |
| Common Stock | ₩1.99 Billion | 8.86% |
| Other Components | ₩8.20 Billion | 36.44% |
| Total Equity | ₩22.50 Billion | 100.00% |
290560 Competitors by Market Cap
The table below lists competitors of 290560 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ASSURED GUARANTY (DHU.SG)
STU:DHU
|
$687.40K |
|
Yolo SA
WAR:YOL
|
$688.41K |
|
Leju Holdings Limited
NYSE:LEJUY
|
$689.20K |
|
Razor Labs Ltd
TA:RZR
|
$689.26K |
|
Digital Currency X Technology Inc.
NASDAQ:DCX
|
$686.79K |
|
EOH Holdings Limited
JSE:EOH
|
$686.74K |
|
IMMOTION GRP LS-0004010
F:6XK
|
$685.97K |
|
Adiuvo Investment SA
WAR:ADV
|
$685.90K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 290560's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,054,469,640 to 22,495,933,610, a change of 3,441,463,970 (18.1%).
- Net income of 2,510,384,970 contributed positively to equity growth.
- Other factors increased equity by 931,079,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩2.51 Billion | +11.16% |
| Other Changes | ₩931.08 Million | +4.14% |
| Total Change | ₩- | 18.06% |
Book Value vs Market Value Analysis
This analysis compares 290560's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.56x to 0.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | ₩3314.47 | ₩1870.00 | x |
| 2023-12-31 | ₩5250.12 | ₩1870.00 | x |
| 2024-12-31 | ₩5804.76 | ₩1870.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 290560 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.23%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.12x
- Recent ROE (11.16%) is above the historical average (8.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 14.97% | 18.54% | 0.56x | 1.44x | ₩598.87 Million |
| 2023 | -0.10% | -0.18% | 0.46x | 1.20x | ₩-1.92 Billion |
| 2024 | 11.16% | 21.23% | 0.47x | 1.12x | ₩260.79 Million |
Industry Comparison
This section compares 290560's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $70,245,711,982
- Average return on equity (ROE) among peers: 4.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 290560 (290560) | ₩21.73 Billion | 14.97% | 0.08x | $687.39K |
| Kginicis Co.Ltd (035600) | $24.39 Billion | 13.54% | 1.14x | $108.80 Million |
| Nice Information & Telecommunication Inc (036800) | $55.02 Billion | 19.07% | 1.74x | $79.87 Million |
| Cafe24 Corp (042000) | $233.88 Billion | -8.02% | 0.78x | $262.68 Million |
| AhnLab Inc (053800) | $67.47 Billion | 6.13% | 0.26x | $279.44 Million |
| NHN KCP Corp (060250) | $29.81 Billion | 15.72% | 1.35x | $243.94 Million |
| Danal Co. Ltd (064260) | $150.45 Billion | -0.40% | 1.58x | $292.50 Million |
| nTels Co. Ltd (069410) | $40.68 Billion | 5.74% | 0.38x | $23.25 Million |
| Plantynet Co. Ltd (075130) | $57.32 Billion | 5.73% | 0.11x | $16.08 Million |
| Secuve Co. Ltd (131090) | $26.77 Billion | 9.63% | 0.22x | $13.85 Million |
| FASOO.COM Co Ltd (150900) | $16.67 Billion | -23.48% | 1.84x | $20.98 Million |